by mariettacp | Nov 5, 2010 | Money Tips, Tax Planning
Small business owners are given temporary relief from tax on gains from sale of company stock as a result of the Small Business Jobs Act. 100% exclusion of gain from the sale of small business stock Ordinarily ,individuals can exclude 50% of their gain on the sale of...
by mariettacp | Nov 3, 2010 | Money Tips, Tax Preparation
Thinking about starting a new business? Changes in the tax law allow you to write off more of the start up expenses. Boosted deduction for start-up expenditures. The Small Business Jobs Act allows taxpayers to deduct up to $10,000 in trade or business start-up...
by mariettacp | Nov 1, 2010 | Money Tips, Tax Planning
The “Small Business Jobs Act of 2010” includes a number of important tax provisions for business. If you are planning on making capital expenditures, be sure to talk to your accountant about the following: Extension of 50% bonus first-year depreciation. Before the...
